Drake Software blog for tax pros, covering tax, IRS news, and more
Number of PTIN Holders Up 50,000 Accounting Today reports that the IRS Return Preparer Office has updated total numbers of federal return preparers who hold PTINs. According to the RPO, 743,331…
IRS Kicks Off 2014 Tax Season; Individual Returns Can Be Filed Now; Free Online Services Available to Help With Filing, Refunds, EITC WASHINGTON — The Internal Revenue Service today opened the 2014…
IRS Proposes Guidelines for ACA “Individual Mandate”The Journal of Accountancy reports that proposed regulations issued by the IRS this week provides guidance on handling the Sec. 5000A “individual…
Read more about IRS Proposes Guidelines for ACA “Individual Mandate”
IRS Extends Key Deadline for New Tax BreakDeborah L. Jacobs, writing in Forbes Magazine, notes that the IRS released a ruling that will make things considerably easier for married couples to carry…
Termination II: Firing Seasonal WorkersBy James StorkSenior Vice President, Drake Software There are no easy ways to fire an employee, particularly during the rush and bustle of tax season. But when…
Expert Warns of ACA “Double Whammy” for Small BusinessDaniel Hood of Accounting Today reports on an expert warning small businesses that changes to the Affordable Care Act for 2016 could force…
Read more about Expert Warns of ACA “Double Whammy” for Small Business
Earned Income Tax Due Diligence By John Sapp, CPAVice President of Strategic DevelopmentDrake Software Over the past 5 or 6 years the IRS enlisted preparers to go beyond Circular 230 requirements and…
IRS Issues New Rules on Basis Allocation Rules for Partnerships The Internal Revenue Service (IRS) has issued a notice of proposed rulemaking and notice of public hearing related to the Disallowance…
Read more about IRS Issues New Rules on Basis Allocation Rules for Partnerships
IRS Criminal Investigation Combats Identity Theft Refund Fraud The Internal Revenue Service (IRS) has seen a significant increase in refund fraud that involves identity thieves who file false claims…
Read more about IRS Criminal Investigation Combats Identity Theft Refund Fraud
A Quick Primer for the 2014 Tax Season Tax season has arrived, and with it a number of changes that can have a significant impact on both individual and business clients. While we don’t have the…
